The government continues to prioritize macroeconomic stabilization in 2023

The government continues to prioritize macroeconomic stabilization in 2023

Prime Minister Pham Minh Chinh said in a local video conference with the government on Tuesday (Jan 3) that the government will continue to prioritize macroeconomic stabilization, controlling inflation and accelerating growth in 2023.

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Prime Minister Pham Minh Chinh speaks during a local video conference with the government in Hanoi on January 3.
Photo: VNA/CVN

2023 is a crucial year in the implementation of the goals of the five-year plan for 2021-2025. By closely following the decisions and decisions of the Party Central Committee and the Milli Majlis, the government has implemented them in 2023 for the implementation of specific goals and objectives on the theme of “solidarity, discipline – courage, flexibility – innovation, creativity – accuracy and promptness”. “.

Ministries, sectors and regions are invited to understand the content of the remarks made by Party General Secretary Nguyên Phu Trong in this video conference, organize their timely and efficient implementation in accordance with their functions and duties, and achieve their goals. He said that this year there are higher socio-economic achievements than those recorded in 2022.

He stressed that the government, ministries, sectors and local institutions should insist on the goals of stabilizing the macroeconomics, controlling inflation, promoting growth, and ensuring basic balance in 2023.

In particular, special attention should be paid to the stabilization of the financial and money market; ensuring the liquidity of the economy and the banking system; to stabilize the market of securities, corporate bonds, real estate; to ensure the legal rights and interests of people, investors and relevant stakeholders in accordance with the legislation, he added.

The head of government also asked to increase the efficiency of price management; strengthen inspection, control and fight against smuggling, commercial fraud and speculative acts.

At the same time, in connection with the renewal of the growth model, it is necessary to speed up the fundamental and efficient implementation of economic restructuring; increasing the productivity, quality, efficiency, competitiveness, self-reliance, adaptability and resilience of the economy, he continued.

The Prime Minister ordered to continue to implement the monetary policy in a firm, proactive, flexible, efficient, smooth, reasonable and narrow manner with the implementation of a purposeful expansionary fiscal policy; to ensure a reasonable balance between exchange rates and interest rates, inflation control and economic growth according to the real situation.

He called for restructuring, promoting innovation, improving the efficiency of public enterprises and developing the private economy; having solutions to efficiently mobilize the resources of public companies to participate in areas such as energy, digital transformation infrastructure, nationally important transport infrastructure; to accelerate the sustainable and efficient development of the labor market; strengthen the implementation of solutions to support job creation.

Organizational improvement is essential; review and remove barriers in terms of mechanism, policy, law; accelerate the simplification of administrative procedures; improve the business environment; clarify legal provisions related to land, housing, real estate trade and construction; to properly implement the work of welcoming citizens, resolving complaints and denunciations from the base; and strengthen monitoring, evaluation and improvement of the effectiveness of the prevention and fight against corruption, he said.

In addition, we must develop manufacturing and trade, support business, create jobs and restore the labor market; focusing on the proper use of the internal market while promoting and strengthening the diversification of markets, products and supply chains; strengthen trade promotion and demand-supply linkages; expand export markets; and attracting quality foreign direct investment, he concluded.

VNA/CVN

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